SplashZen Shark Tank Net Worth

SplashZen, as featured in episode 14 of season 14 of Shark Tank, is a splash guard designed to prevent water from splashing out of the bathtub during kids’ bath time.

Created by Rodney and Tanya Rasmussen, SplashZen attaches to the bathtub, creating a barrier that keeps the water inside where it belongs.

The product comes with a splash strip that enhances its effectiveness, ensuring walls, floors, and other individuals in the room stay dry.

SplashZen is not only practical for bathing kids but also pets, offering a solution to a common issue faced by parents and caregivers.

In addition to the splash guard, SplashZen also offers a bath toy organizer, shower and bath shelves, and various replacement parts.

Priced at $99 for both kids and dog products, with bath toy organizers at $19, SplashZen provides a cost-effective solution to messy bath times.

SplashZen is available on Amazon and its official site, garnering positive reviews and poised for continued growth, becoming an ideal option for families looking to simplify bath time and maintain a clean environment.

AttributeAnswer
Company NameSplashZen
FounderRodney Rasmussen and Tanya Rasmussen
ProductSplash Guard Product for Bathtubs
Investment Seeking$100,000 for 10% equity
Final Deal Accepted$100,000 for 14% equity + a $100,000 line of credit
Shark NameBarbara Corcoran
EpisodeSeason 15, Episode 14
Business StatusIn Business
WebsiteSplashZen Website
Net Worth$1 million

What Is SplashZen?

SplashZen is a product designed to make bath time fun for kids while keeping water where it belongs. It is a patent-pending splash guard created by a husband-wife team to protect bathrooms, clothes, and moods during bath time.

The product is flexible, has a clear material for easy monitoring of kids, features a splash strip to prevent water from escaping, an easy-grip handle for one-handed operation, and can be stored conveniently when not in use.

SplashZen Shark Tank Net Worth

SplashZen is a bath time accessory that serves as a splash guard to contain water and prevent messes during kids’ bath time. It is made of a clear, flexible material that allows parents to monitor their children easily while bathing.

The guard features a splash strip along the bottom to keep water from spilling out, an easy-grip handle for convenient operation with one hand, and can be stored compactly when not in use.

Additionally, SplashZen is designed to stay clean and odor-free once the material has dried. SplashZen is praised worldwide for making bath time more manageable and enjoyable for both children and caregivers.

Who Is The Founder Of SplashZen?

Rodney and Tanya Rasmussen are the husband-wife duo behind SplashZen. Rodney, a seasoned marketer with a strong background in successful product launches, teamed up with Tanya, a former teacher-turned-entrepreneur, to create SplashZen in 2023.

Rodney holds a Bachelor of Science from Brigham Young University and an MBA from the University of Utah. With a track record of revenue generation on a global scale, he has held key marketing positions in various companies.

Tanya started her career as a Health and PE teacher and later co-founded Evolve Fitness. She transitioned to SplashZen full-time in 2021, leveraging her expertise in health promotion and education.

The idea for SplashZen stemmed from the Rasmussens’ personal experience of dealing with splashing kids during bath time.

Frustrated with the constant mess and water damage, they embarked on a mission to create a solution that would revolutionize bath time for families worldwide.

Before its ‘Shark Tank’ debut in Season 15, SplashZen had already gained traction among parents and pet owners for its innovative design.

The transparent, flexible splash guard with features like an ergonomic handle and a splash strip has garnered positive feedback, positioning SplashZen as a must-have product to make bath time hassle-free and enjoyable.

How Was The Shark Tank Pitch Of SplashZen?

  • Entrepreneurs: Rodney and Tanya Rasmussen
  • Product: Bath-time accessory – SplashZen splash guard for bathtub
  • Investment Seeking: $100,000 for 10% equity
  • Final Deal: $100,000 for 14% equity
  • Sales: $80,000 overall, $10,000 in the last 3 months

During their Shark Tank pitch, husband and wife duo Rodney and Tanya Rasmussen introduced SplashZen, a bathtub splash guard designed to contain water during kids’ and pets’ bath times.

The couple sought a $100,000 investment for 10% equity in their business, highlighting their $80,000 total sales with $10,000 in the last quarter.

SplashZen Shark Tank Net Worth

The Sharks had mixed reactions; while Lori Greiner praised the product’s quality, Kevin O’Leary expressed concerns about branding for retail.

Ultimately, Barbara Corcoran made an offer of $100,000 for 14% equity and a $100,000 line of credit. The Rasmussens negotiated with Barbara and settled on a deal for 14% equity.

Despite other Sharks like Mark Cuban and Robert Herjavec not seeing the product’s necessity, the couple found success with Barbara’s investment offer.

Sharks’ Views:

  • Lori Greiner praised the product’s quality and sturdiness.
  • Kevin O’Leary raised concerns about branding and retail viability.
  • Robert Herjavec and Mark Cuban didn’t see a need for the product.

Investment Offers:

  1. Barbara Corcoran: $100,000 for 14% equity, plus a $100,000 line of credit
  2. Lori Greiner: $100,000 for 17.5% equity
  3. Mark Cuban: No offer
  4. Robert Herjavec: No offer
  5. Kevin O’Leary: No offer

Final Deal:

  • Rodney and Tanya Rasmussen accepted Barbara Corcoran’s offer of $100,000 for 14% equity plus a $100,000 line of credit.

Shark Tank SplashZen Investment Table:

SharkInvestment OfferCounter Offer by FoundersFinal Deal Accepted
Barbara Corcoran$100,000 for 14% equity, plus a $100,000 line of creditAsked for 14% equityYes (Accepted 14% equity)
Lori Greiner$100,000 for 17.5% equityNo
Mark CubanNo offer
Robert HerjavecNo offer
Kevin O’LearyNo offer

Did SplashZen Get a Deal on Shark Tank?

Yes, SplashZen successfully secured a deal on Shark Tank. The founders, Rodney Rasmussen and Tanya Rasmussen appeared on Season 15 Episode 14 of Shark Tank and struck a deal with Barbara Corcoran.

The final agreement involved a $100,000 investment for 14% equity in the company, along with a $100,000 line of credit. This strategic partnership has helped propel SplashZen forward in the market.

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What Happened To SplashZen After Shark Tank?

After appearing on Shark Tank and striking a deal with Barbara Corcoran, SplashZen experienced a significant boost in its business.

The founders, Rodney and Tanya Rasmussen, managed to secure a deal of $100,000 for 14% equity, along with a $100,000 line of credit. This infusion of capital and expertise from Barbara Corcoran helped propel SplashZen to new heights.

The exposure gained from the Shark Tank appearance, coupled with the viral TikTok video showcasing the product, led to a surge in sales and brand awareness. Thousands of visitors flocked to the company’s website, resulting in a substantial increase in revenue.

SplashZen is still in business and actively operating. The company is headquartered in the Greater Seattle Area, Washington, United States, with a small team of 1-2 individuals dedicated to the success of the business.

SplashZen Shark Tank Net Worth

SplashZen’s net worth is estimated to be around $1 million, reflecting the company’s steady growth and market presence.

Despite facing competition in the bathtub industry, SplashZen has managed to carve out a niche for itself with its innovative splash guard product.

Moving forward, the key to sustaining and expanding SplashZen’s business lies in strategic marketing efforts, particularly leveraging social media platforms to reach a wider audience and drive sales.

With the continued dedication of its founders and the support of investors like Barbara Corcoran, SplashZen is poised for further success in the future.

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SplashZen Shark Tank Update

After appearing on ‘Shark Tank,’ SplashZen experienced a significant boost in brand recognition and sales. The exposure from the show helped them attract more customers and expand their market reach.

The positive feedback from the sharks and the audience further validated the uniqueness and usefulness of their product.

Instead of seeking funding from the sharks, Rodney and Tanya Rasmussen chose to bootstrap their business, which turned out to be a wise decision.

They focused on enhancing their product quality, customer service, and marketing efforts. This strategic approach paid off as their sales soared, allowing them to reinvest profits back into the business.

SplashZen’s presence on social media platforms, especially Instagram, played a crucial role in their marketing strategy. Engaging content, customer testimonials, and influencer collaborations helped them connect with a wider audience and build a loyal customer base.

As of the latest information available, SplashZen is thriving in the market with a net worth of $1 million.

They have diversified their product line to include not just the splash guard but also a bath toy organizer, shower and bath shelves, and replacement parts.

Their products are priced competitively at $99 for both kids and dogs’ guards and $19 for the bath toy organizer.

With a focus on customer satisfaction and continuous innovation, SplashZen has established itself as a reputable brand in the parenting and pet care industry.

Their products are available for purchase on Amazon and their official website, with occasional discounts offered during special events.

In terms of net worth, specific financial details about SplashZen’s valuation post-‘Shark Tank’ are not publicly available.

However, based on their sustained growth, positive reception in the market, and expanding product offerings, it can be inferred that SplashZen’s business is profitable and on a trajectory of success.

SplashZen’s post-Shark Tank journey demonstrates how dedication, innovation, and a customer-centric approach can lead to sustainable business growth and success in a competitive market.

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What Is the Net Worth Of SplashZen?

The net worth of SplashZen is estimated to be $1 million after its appearance on season 15 of Shark Tank.

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